How BP CEO's Reported Plan to Retire Could Impact Big Oil

Bob Dudley, BP's (BP) - Get Report CEO, is reportedly preparing to step down from the British oil giant after a decade of running the company, a period in which it recovered from the Gulf of Mexico oil spill disaster in 2010.

Sources told Sky News City that an announcement about Dudley's decision to step down could be made by the end of the year or by the end of October when BP is expected to report third-quarter results.

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